Business Proposal Project Plan

SUPPLY AND DEMAND In the world of translate and demand, demand changes with income/money, changes in expectations, or consumer variations in the values of related products (Jacobs & group A; Rapoport, 2004). Supply whitethorn change in response to changes in resource prices, technology, or taxes (Jacobs & Rapoport). If the demand for EMR software and services increases as the supply stays constant then the correspondence price and amount of money both increase. If the demand is constant and the supply increases then the sense of balance price goes nap while the quantity goes up. In this type the demand of EMR software and services they provide has gone down because of the lack of money that consumers mother so the supply may go up if companies are still making the programs which allow show a decrease in equilibrium price and if the supply increase is greater than the demand decrease the equilibrium quantity allow for increase and vice versa (Jacobs & Rapoport). only 10% of hospitals have a basic electronic wellness record system and even fewer at 2% have the electronic health record system in all of their departments (Med Tech Publishing, 2009). The government has a goal to fix that EMRs lead be in place in all healthcare facilities by 2014 and failure to do so by 2015 will be faced with penalties (Med Tech Publishing, 2009).

prior(prenominal) to this occurring the demand will be high and the supply will either stay constant or decrease with shortage of programs and knowledgeable personel to train the companies who by the software. If this occurs the equilibrium price will increase and the quantity will be intermediate (Jacobs & Rapoport, 2004). ELASTICITY The market of electronic health check records programs and services is elastic. By organism elastic the market is affected by circumstances such(prenominal) as the economy failing (McConnell & Brue, 2008). Electronic medical records is not a daily basic need that multitude will still buy into when they do not have money and the economy is failing. It is... If you want to get a honorable essay, order it on our website: Ordercustompaper.com

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